Gestamp to open operations in Kanawha County stamping plant
International auto industry component manufacturer Gestamp is opening a new facility in a former stamping plant in West Virginia. The site, owned by Park Corporation, contains more than one million square feet under roof and over 30 acres at its South Charleston stamping facility.
Out of three other states competing for this business, West Virginia’s South Charleston location was determined to be the “right fit” for Gestamp.
Gestamp West Virginia plans to invest a minimum of $100 million in the former stamping plant and create 400 to 700 jobs. [more]
Wood manufacturer branches into West Virginia
Ohio Valley Veneer is expanding into West Virginia with the acquisition of the former Spencer Veneer/General Woods facility in the town of Spencer. Ohio Valley Veneer currently has operations in Ohio and Kentucky. The property includes a 149,280-square-foot main plant with drive-through bays and multiple cranes; and a 101,864-square-foot warehouse. The facility, formerly used for veneer production, is in the Roane County Industrial Park.
Allevard Sogefi USA to add 45 jobs in Wayne County
Allevard Sogefi USA plans to add 45 jobs in its Prichard plant by the end of the year. The firm also plans to invest $5.5 million on facility and equipment upgrades. The company produces automotive filters for Ford, Chrysler, Fiat, Mazda and TI Automotive. Allevard Sogefi USA is a subsidiary of Sogefi, based in Italy.
Toyota to add 80 jobs at Putnam County plant
Toyota announced it will invest $45 million to boost production and create 80 new jobs at the Toyota Motor Manufacturing West Virginia (TMMWV) facility in Buffalo. When completed by July 2013, the effort is expected to enable TMMWV to produce 10,000 more transmissions per month. The expansion will increase employment at the West Virginia plant to 1,200 and Toyota’s total investment to $1.3 billion. TMMWV builds six-speed transmissions for the Avalon, Camry, Lexus RX350, Sienna and Venza. [more]
Gov. Tomblin celebrates Rubberlite expansion in Huntington
Gov. Earl Ray Tomblin joined Rubberlite Inc., executives and employees for a ribbon cutting to mark the Huntington company's latest expansion of its facility and staff. The expansion includes 30 new jobs, a new building and equipment upgrades. The $5.7 million project was supported by a $3 million loan from the West Virginia Infrastructure and Jobs Development Council. Currently, Rubberlite has 145 permanent full-time employees in its 300,000 square foot facility in Huntington. The company manufactures engineered rubber and plastic foams that supply a variety of industries including: automotive, electronic, appliance, aerospace, medical, footwear, sporting goods, military and equestrian. [more]
Private firm to develop industrial park in Lewis County
CGP Development announced plans to build a privately-funded industrial park along I-79 in Lewis County. The new park will be situated on 73 acres at the Jane Lew exit. Road construction for the green-field site is expected to get underway during spring 2012. The new enterprise will be located near a concentration of energy businesses and manufacturers in Lewis County. Based in Elkins, CGP Development is a privately-owned firm that has successfully completed several projects in North Central West Virginia. Learn more about this property.
The CGP development park is listed on the West Virginia Development Office (WVD) TopSites website (www.topsiteswv.com). Currently, TopSites includes 417 buildings, parks and locations in its Site Selector database. Visitors can search the database of properties by region, by county or by features.
Gross Domestic Product rose in West Virginia:
West Virginia's growth in real gross domestic product (GDP) increased 4.5 percent in 2011, according to a report by the U.S. Department of Commerce's Bureau of Economic Analysis (BEA). West Virginia ranks third in the nation for most increased GDP. Get the full story here.
Workers’ comp taxes fell in West Virginia:
Gov. Earl Ray Tomblin recently announced a reduction in the regulatory surcharge on workers’ compensation premiums for both private market and self-insured employers. These surcharge reductions will provide across-the-board savings to all employers totaling $2.7 million. Get the full story here.
Cool things happen in West Virginia:
Art: Master blacksmith Jeff Fetty is featured in the 2012 International Metal Design Annual. The prestigious annual is a collection of top metal artists and their creations. Fetty works from his studio in his hometown of Spencer in Roane County.
Adventure: The April issue of Travel & Leisure Magazine Online has styled West Virginia’s Gravity New River Gorge Zip Lines as one of the “World’s Coolest Zip Lines.” The open air zip line stretches for a mile and hangs 200 feet above the ground at its highest point. Gravity New River Gorge Zip Lines are part of Adventures on the Gorge.
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